Liquidating Assets definition

Liquidating Assets means the assets of Borrower listed on the attached Schedule 1.1, as in effect on the Closing Date.

Liquidating Assets means all assets of each of the Debtors other than the Reorganized Fairfield Assets, including, but not limited to, all Causes of Action, including all Avoidance Actions.

Liquidating Assets means all of O'Brien's right, title and interest in and to (i) all of the outstanding common stock of Philadelphia Cogen and any management contracts relating to the Philadelphia Water Department Project to which O'Brien or any Affiliate thereof (other than Philadelphia Cogen) is a party; (ii) all of the equity interest in Philadelphia Biogas Supply, Inc., O'Brien Energy Services, Inc., Puma Power Plant, Ltd. and American Hydrotherm Corp.; and (iii) the Equipment Held for Sale.

Examples of Liquidating Assets in a sentence

• All fees invoiced after the Effective Date pursuant to 28U.S.C. § 1930 shall be paid by the Liquidating Trustee out of the Liquidating Assets.

• To the extent that the Liquidating Trustee, in consultation with the Trust Oversight Committee, determines that funds allocated to the Wind-down Reserve Account are insufficient for such purposes, the net proceeds of the continuing liquidation of the Liquidating Assets and any other Distributable Cash shall, to the extent necessary for such purposes, be allocated to the Wind-down Reserve Account.

• For all federal income tax purposes, all parties (including, without limitation, the Debtors, the Liquidating Trustee and Holders of Allowed Claims) shall treat the transfer of the Liquidating Assets and the Debtors’ liabilities to the Fairfield Trust in accordance with the terms of this Plan, as a transfer to Holders of Allowed Claims followed by a transfer by such Holders to the Fairfield Trust, and the beneficiaries of the Fairfield Trust shall be treated as the grantors and owners thereof.

• This Plan contemplates and is predicated upon transfer of the Liquidating Assets and the Debtors’ liabilities, including Claims, into the Fairfield Trust.

• As set forth herein, the liquidation and winding up of the Fairfield Trust shall become the responsibility of the Liquidating Trustee who shall thereafter have responsibility for the management, control and operation thereof, and who may use, acquire and dispose of the Liquidating Assets free of any restrictions of the Bankruptcy Code or the Bankruptcy Rules, subject to any necessary oversight or approvals of the Trust Oversight Committee as may be required pursuant to the Plan.

More Definitions of Liquidating Assets

Liquidating Assets shall have the meaning assigned thereto in the Liquidating Asset Management Agreement which definition shall be incorporated herein by this reference.

Liquidating Assets shall have the meaning assigned thereto in the Liquidating Asset Management Agreement which definition shall be incorporated herein by this reference. "Liquidating Asset Management Agreement" means that certain Liquidating Asset Management Agreement dated the date hereof by and between the Company and Wexford Management Corp., a Delaware corporation and as provided for by the NRG Plan. "Loan" shall have the meaning set forth in Section 2.01. "Loan Refinancing" shall mean Indebtedness that is incurred to enable the Company to prepay the Loan in whole or in part. "Maturity Date" shall have the meaning assigned thereto in Section 2.04. "Multiemployer Plan" means a Plan which is a multiemployer plan as defined in Section 4001(a)(3) of ERISA. "Net Available Cash" from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other noncash form) therefrom, in each case net of (i) all legal, title and recording tax expenses, commissions and other fees and expenses incurred, and all Federal, state, provincial, foreign and local taxes required to be paid or 13

Liquidating Assets means all of the Company's right, title and interest in and to (i) all of the outstanding common stock of Philadelphia Cogen and any management contracts relating to the Philadelphia Water Department Project to which the Company or any Affiliate thereto (other than

Liquidating Assets means the assets of Fairfield, including without limitation its equity interests in the First Tier Subsidiaries, and their respective assets, excluding the Reorganized Fairfield Assets, and including, but not limited to, all Causes of

Liquidating Assets means the real estate, fixtures and the equipment located thereon which is located in Plymouth County, Massachusetts, Eau Claire, Michigan and/or Bridgeton, New Jersey, which is included among the Collateral granted to the Banks.

Liquidating Assets means all of the Company's right, title and interest in and to (i) all of the outstanding common stock of Philadelphia Cogen and any management contracts relating to the Philadelphia Water Department Project to which the Company or any Affiliate thereto (other than Philadelphia Cogen) is a party; (ii) all of the equity interest in Philadelphia Biogas Supply, Inc., O'Brien Energy Services, Puma Power Plant, Ltd. and American Hydrotherm Corp.; and (iii) the Equipment Held for Sale.

Liquidating Assets means the assets of Fairfield, including without limitation its equity interests in the First Tier Subsidiaries, and their respective assets, excluding the Reorganized Fairfield Assets, and including, but not limited to, all Causes of Action, including all Avoidance Actions, the Tax Election Claim and the contracts listed on the Assumed Contracts Schedule and any other assets acquired by the FFR Trust after the Effective Date or pursuant to this Plan.